IG is one of the largest Forex, CFD, and Stockbrokers in the world. They are Licensed and Regulated by the Financial Conduct Authority (FCA), and have been in business since 1974. They recently introduced binary options to their powerful trading platform.
The minimum deposit for new trading accounts is £150. The minimum trade size is £20.
IG Binary does not accept traders and investors from the United States, use Nadex.com instead.
IG Markets uses their own trading platform for binaries, see here. They offer varies types of binary options at multiple strike prices. Including Ladder Options, Up/Down Binary Options, One touch binaries, Target, Tunnel, Hi-Lo Binary Options.
Instead of showing the percentage returns on the option, IG Binary lists the options in a price of 1 – 100. For example, a EUR/USD call at 54 which means a potential profit of 46. The nice part about it is that you can select higher and lower strike prices. So with the EUR/USD currently trading at 1.0980, traders can pick a call strike price of 1.0980, 1.0985, 1.0990 & 1.0995. Traders can do the same for puts.
When we play around with our IG Demo Account it took some getting use too. There are a lot of options to choose from and the prices are flashing and changing non stop! The beauty of the IG binary options product is the ability to trade these binary options like regular options. We had the ability to sell the options we bought, so we did not have to wait for expiration, and we could lock in profits and cut losses.
IG Binary Options License & Regulation
When comparing binary option brokers, most traders check for a licensed broker.
IG is the most licensed & regulated broker around! IG Markets Ltd (License #195355) & IG Index Ltd (License #114059) are authorised and regulated by the Financial Conduct Authority.
Now when it comes to a binary options license, IG Index Ltd is licensed and regulated by the Gambling Commission. In 2015, the Gambling Commission decided to had over regulatory oversight of binary option brokers to the FCA like all other types of brokers, but the FCA has still not gotten their act together to actually issue licenses or even instructions for binary option brokers.
You can see their binary options license here.
Contact IG Binary Options
Address: Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA
Phone Number; UK: +44 20 7896 0079
Email: [email protected]